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2026-10-12T07:21:58.000Z

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Ziad Baoueedine: Real estate prices stabilize unlikely to repeat 2008

Ziad Baoueedine: Real estate prices stabilize unlikely to repeat 2008

The former Egyptian Minister of International Cooperation, Ziad Bahaa El-Din, spoke about the current state of Egypt's real estate market, stating that it is undergoing a healthy correction in prices. He ruled out the possibility of it turning into a bubble or collapsing as happened during the global housing crisis in 2008. He emphasized that this correction is necessary and part of measures to regulate the market, including the ongoing work to enact a law that governs transactions and promotes stability in the sector. He clarified that most traders, both individuals and companies, aim to purchase units for future use, and the market needs to be regulated to ensure the correction continues without escalating into a real estate bubble.

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